Let discuss in detail about company registration process in Korea step by step:-

Korea Foreign Company Registration

Ensure institution name to be approved at the beginning, a place what shall be used correspondence, MOA, Papers those are attested by the person of government endorsed, license for starting, and others those required permissions including VAT to doing foreign trading;

Hundred percent nonresident ownership is allowed;

To begin fresh enterprise one share member is required with one director and no domestic entrepreneur id required;

Corporate tax twenty percent if capital is two hundred million KRW;

Corporate tax ten percent if capital is one hundred million;

To incorporation a fresh entity almost US Dollar ten thousand is required

More than fifty percent share amount can be owned by nonresident;

Trade tax is applicable eleven to twenty four on capital increasing;

Business VAT rate is ten percent ;

Government encourage to invest in different sectors to generate profit using resource of Korea;

In case of joint venture enterprise nonresident sponsors shall hold maximum number of share of the entity;